Key Developments: Gol Linhas Aereas Inteligentes SA (GOL)
5.28USD
23 May 2013
$-0.12 (-2.22%)
$5.40
$5.30
$5.31
$5.27
194,855
--
--
--
Latest Key Developments (Source: Significant Developments)
Gol Linhas Aereas Inteligentes SA to Be Official Carrier of Brazil National Football Team
Gol Linhas Aereas Inteligentes SA announced that it has concluded a contract with CBF Confederacao Brasileira de Futebol to be official carrier of the Brazil national football team. Full Article
Gol Linhas Aereas Inteligentes SA and Delta Air Lines Inc Announce Codeshare Expansion
Gol Linhas Aereas Inteligentes SA and Delta Air Lines Inc announced the implementation of GOL codeshare on Delta’s flights from Brasilia to Atlanta, which is an extension of their partnership. GOL will now sell Delta’s international tickets through its sales channels – website, Voe GOL stores, call centers and travel agencies. Over the next months other markets will be included in the codeshare including all Delta flights between Brazil and the United States, as well as key connecting markets operated by Delta. The codeshare agreement implementation also provides corporate clients with a single contract to facilitate negotiations in all destinations operated by the airlines. Furthermore, the companies will share commercial and promotional activities. The route from Brasilia to Atlanta is already available to be acquired at Gol channels and the first flight will take place on May 20, 2013. The second phase will include flights from Goiania, Belo Horizonte, Curitiba and Porto Alegre all via Brasilia to Atlanta. This action allows baggage to be labeled and dispatched to final destination. Full Article
Gol Linhas Aereas Inteligentes SA Updates on Subsidiary's IPO
Gol Linhas Aereas Inteligentes SA announced that on April 25, 2013 the process of collecting investment intentions related to the initial public offering of its subsidiary, Smiles SA, was concluded. In context of the offering, value per share has been set at BRL 21.70 and there were issued 46,376,811 ordinary shares, totaling BRL 1,006,376,798.70. Full Article
Gol Linhas Aereas Inteligentes SA's SMILES Forms Partnerships with Polishop and Cybelar
Gol Linhas Aereas Inteligentes SA announced that SMILES, its subsidiary that manages the Smiles Program, has formed partnerships with two major retail chains, Polishop and Cybelar. The miles accumulated in SMILES can be redeemed for air tickets, called prize tickets, for flights throughout Brazil, Latin America and the Caribbean and to the five continents through GOL's partner airlines. With the new purchasing platform, SMILES Shopping, it is also possible to redeem items such as electronic equipment, tickets for shows, home appliances, furniture, toys, household items and perfumery, among others. Full Article
Gol Linhas Aereas Inteligentes SA Registers IPO Plan For Smiles Unit-DJ
Dow Jones reported that Gol Linhas Aereas Inteligentes SA in a regulatory filing on February 27, 2013, formally registered its intention to hold an initial public offering of shares for its frequent-flyer unit, known as Smiles. Company executives previously had signaled in informal comments their intention to hold an IPO for Smiles. In its filing February 27, 2013, Gol said it hopes to list the shares on the Novo Mercado segment of the Brazilian Stock Exchange. The Novo Mercado features strict corporate-governance rules and wide ownership of shares. The IPO petition is subject to review and approval by the Brazilian Securities Commission. Full Article
Gol Linhas Aereas Inteligentes SA Announces VRG Linhas Aereas SA’s Notes Issue
Gol Linhas Aereas Inteligentes SA announced that on February 7, 2013, it priced at 10.75% an offer of USD 200 million in senior notes with maturity in 2023. The Company is guarantor of notes issued by its subsidiary VRG Linhas Aereas SA. Full Article
Gol Linhas Aereas Inteligentes SA Announces Spin-off of Smiles SA; Smiles SA to File IPO Request
Gol Linhas Aereas Inteligentes SA announced that on February 8, 2013, its Board of Directors authorized administrators of Smiles SA, a subsidiary of the Company, to take the measures required to apply for the registration as a public company and the carry out of an initial public offering (IPO) before the Securities Commission CVM, as well as to take other formal steps applicable to the operation. The Company will keep the market updated on the issue. Full Article
Gol Linhas Aereas Inteligentes SA Sees Q4 2012 Charge Guidance-DJ
Reuters reported that Gol Linhas Aereas Inteligentes SA will take a BRL140 million ($70 million) one-off charge for non-recurring expenses in the Company's fourth-quarter 2012 results related to the shutdown of its subsidiary Webjet. The airline announced a decision to close Webjet on Nov. 23, which resulted in the dismissal of 850 workers. The decision to fire the staff and close Webjet has resulted in a series of legal lawsuits against Gol. Full Article
Gol Linhas Aereas Inteligentes SA Announces Partnership with Localiza Rent a Car SA
Gol Linhas Aereas Inteligentes SA announced partnership with Localiza Rent a Car SA. Full Article
Gol Linhas Aereas Inteligentes SA Starts Winding up Webjet's Activities; Lays off 850 Employees of Webjet
Gol Linhas Aereas Inteligentes SA (Gol) announced that, as of November 23, 2012, it will begin the process of winding up the activities of its subsidiary Webjet and the discontinuation of its brand. The first step is to extinguish flight operations. Webjet has an operational model based on a fleet that mostly consists of aging Boeing 737-300 aircraft that are advanced age, technologically out of date and consume a lot of fuel and is no longer competitive. As a result of the winding up of operations, around 850 employees, including flight and cabin crew and maintenance personnel, will be laid off. Webjet's clients and passengers will be fully served by Gol and their flights will be guaranteed. As of November 23, 2012, Gol will be responsible for all air transport and associated services for these passengers. In this context, all the necessary measures are been taken. Full Article
Brazil airline Gol posts deeper net loss on currency hedge
* Recovering EBIT signals gradual turnaround from 2012 loss
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
